GBTC


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‘Bitcoin Will Find Its Footing’ in Near Term, Says Grayscale CEO

"Market forces,” including a liquidity crunch, are contributing to the pressures on bitcoin and on GBTC, CEO Michael Sonnenshein said on CoinDesk TV’s “First Mover.”

Grayscale CEO Michael Sonnenshein (CoinDesk TV, modified by CoinDesk)

Videos

Grayscale Investments CEO on Crypto Winter, Stablecoins and its First European ETF

Michael Sonnenshein, CEO of digital asset manager Grayscale Investments, discusses his analysis of the crypto markets, the role and importance of stablecoins in the crypto ecosystem in the aftermath of Terra's collapse and the new European ETF. Sonnenshein also shares the latest development on converting the Grayscale's bitcoin trust (GBTC) into an ETF, and the potential lawsuit against the SEC if it isn't approved.

Recent Videos

Policy

Grayscale Had ‘Productive’ Meeting With SEC on Bitcoin ETF Conversion

The SEC to date has approved several futures-based bitcoin ETF products, but has delayed or outright rejected all spot bitcoin ETF applications.

(AnaFox_photo/Getty images)

Videos

Biden’s Executive Order on Crypto Met With Relief From Key Industry Players

Grayscale Investments Chief Legal Officer Craig Salm explores how President Biden’s Executive Order on crypto oversight could impact the industry, claiming it illustrates a desire from the government to see the U.S. lead the world in crypto and Web 3 development.

CoinDesk placeholder image

Markets

Market Wrap: Bitcoin Stabilizes Ahead of Biden's Executive Order on Crypto

The order, which is expected to be issued this week, could be a source of volatility.

WASHINGTON, DC - NOVEMBER 06: U.S. President Joe Biden speaks during a press conference in the State Dining Room at the White House on November 6, 2021 in Washington, DC. The President is speaking after his Infrastructure bill was finally passed in the House of Representatives after negotiations with lawmakers on Capitol Hill went late into the night. (Photo by Samuel Corum/Getty Images)

Finance

Digital Currency Group Authorizes $250M Buyback for Its Grayscale Trusts

Included is the Grayscale Bitcoin Trust, which continues to trade at a notable discount to its net asset value.

DCG founder and CEO Barry Silbert

Markets

Market Wrap: Cryptocurrencies Tumble as Global Investors Reduce Risk

Bitcoin is down about 40% from its all-time high, compared with a 10% decline in the Nasdaq 100 Index.

Bitcoin drawdown (Koyfin)

Videos

What Caused This Week's Flash Crash?

BTC, ETH, and all other major cryptocurrencies tanked Friday with drops of 10% or more. "All About Bitcoin's" Week in Review panel discusses the potential factors behind this week's crypto markets flash crash. Plus, reviewing this week's top stories making waves in the digital asset space: Grayscale Bitcoin Trust (GBTC) discount hitting a record low, bitcoin mining difficulty setting new all-time high, crypto's energy impact, and more.

Recent Videos

Markets

Crypto Trader Tantra to Liquidate After 'GBTC Discount' Widens to Record

The Grayscale Bitcoin Trust (GBTC) has been trading at a steep discount since last February, but a further widening proved too much for one trading firm.

(moonjazz via Flickr)

Markets

Market Wrap: Bitcoin Rises Despite Russia's Proposed Crypto Ban

Traders appeared unfazed by Russia's proposal as bitcoin rose 3% over the past 24 hours.

Bank of Russia (Shutterstock)